Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:

x

Rule 13d-1(b)

o

Rule 13d-1(c)

o

Rule 13d-1(d)

*The remainder of this cover page shall be
filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

1.

NAME OF REPORTING PERSONS

Jackson Square Partners, LLC

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(see instructions)

(a) o

(b) o

3.

SEC USE ONLY

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OFSHARESBENEFICIALLYOWNED BYEACHREPORTINGPERSONWITH

5.

SOLE VOTING POWER

9,033,666

6.

SHARED VOTING POWER

6,591,525

7.

SOLE DISPOSITIVE POWER

15,625,191

8.

SHARED DISPOSITIVE POWER

None

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

15,625,191

10.

CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES

(SEE INSTRUCTIONS)

o

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

10.07%

12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA

Item 1(a).

Name of Issuer:

Sally Beauty Holdings Inc.

Item 1(b).

Address of Issuer’s Principal Executive Offices:

3001 Colorado Boulevard
Denton, Texas 76210

Item 2(a).

Name of Person Filing:

Jackson Square Partners, LLC

Item 2(b).

Address of Principal Business Office or, if none, Residence:

101 California Street, Suite 3750

San Francisco, CA 94111

Item 2(c).

Citizenship:

Delaware

Item 2(d).

Title of Class of Securities:

Common

Item 2(e).

CUSIP Number:

79546E104

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

(b)

o

Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

o

Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

o

Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

x

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);

(j)

o

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

(k)

o

Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with
§ 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________.

Item 4.

Ownership:

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

Amount beneficially owned: 15,625,191

(b)

Percent of class: 10.07%

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote: 9,033,666

(ii)

Shared power to vote or to direct the vote: 6,591,525

(iii)

Sole power to dispose or to direct the disposition of: 15,625,191

(iv)

Shared power to dispose or to direct the disposition of: 0

Item 5.

Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following. o

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person: n/a

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: n/a

Item 8.

Identification and Classification of Members of the Group: n/a

Item 9.

Notice of Dissolution of Group: n/a

Item 10.

Certifications:

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:

October 10, 2014

By:

/s/ Van Tran

Name:

Van Tran

Title:

Chief Financial Officer

The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized
representative other than an executive officer or general partner of the filing person, evidence of the representative’s
authority to sign on behalf of such person shall be filed with the statement, Provided, however, that a power of attorney
for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each
person who signs the statement shall be typed or printed beneath his signature.